Readers only offer: Get additional Rs 200 off on 'The Better Home' powerful natural cleaners. Shop Now
X

TBI Blogs: RBI’s Decisions Affect the Lives of All Indians Everywhere, But What Does the Bank Actually Do?

The Reserve Bank of India is the country’s central banking institution, and controls the monetary policy of the Indian Rupee. But that’s not its sole function.

The Reserve Bank of India (Source: Wikimedia Commons
The Reserve Bank of India (Source: Wikimedia Commons)

Over a history of over 81 years (it started operating on April 1, 1935), the Reserve Bank of India has been the country’s most important financial institution. Since its nationalisation in 1949, India’s central bank has been at the heart of the country’s economic and financial development, and continues to play a pivotal role in the government’s development strategy for the future.

Yet, despite being such a vital institution, few people understand the Reserve Bank’s essential functions. In the short video below, Factly presents the most important functions of the Reserve Bank of India, simplified so as to raise them from the obscurity that surrounds the functioning of the country’s central institutions. Watch the video to learn more!

To know more about the Reserve Bank of India and its various functions, check out its website.

Featured Image Source: Flickr

Like this story? Or have something to share? Write to us: contact@thebetterindia.com, or connect with us on Facebook and Twitter.
NEW: Click here to get positive news on WhatsApp!

Let’s be friends :)
Sign in to get free benefits
  • Get positive news daily on email
  • Join our community of positive ambassadors
  • Become a part of the positive movement
X
Before you go...

We have a favor to ask.

Our teams put in a lot of effort to create the content you love at The Better India.

The Better Home is a range of safe and eco-friendly home cleaners by The Better India. We put out curated content on our Instagram account- green living hacks, green innovations, leading a no-tox life and heroes in the sustainability space.

It would help us if you can follow our Instagram handle and spread the word around.